SPDR S&P Dividend ETF (NYSEARCA:SDY) Hits New 12-Month High – What’s Next?

SPDR S&P Dividend ETF (NYSEARCA:SDY) hit a new 52-week high on Tuesday . The company traded as high as $156.77 and last traded at $156.41, with a volume of 22577 shares. The stock had previously closed at $154.97.

SPDR S&P Dividend ETF Price Performance

The company has a market capitalization of $22.01 billion, a P/E ratio of 19.85 and a beta of 0.69. The firm has a fifty day moving average price of $149.89 and a 200-day moving average price of $148.35.

Institutional Investors Weigh In On SPDR S&P Dividend ETF

Large investors have recently made changes to their positions in the business. World Investment Advisors grew its position in shares of SPDR S&P Dividend ETF by 9.2% during the 4th quarter. World Investment Advisors now owns 80,205 shares of the company’s stock valued at $11,161,000 after acquiring an additional 6,744 shares during the period. Dara Capital US Inc. purchased a new stake in SPDR S&P Dividend ETF in the fourth quarter worth $509,000. Coldstream Capital Management Inc. lifted its position in shares of SPDR S&P Dividend ETF by 126.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 223,525 shares of the company’s stock valued at $31,305,000 after buying an additional 124,864 shares during the last quarter. M&T Bank Corp grew its stake in shares of SPDR S&P Dividend ETF by 8.0% during the 4th quarter. M&T Bank Corp now owns 97,976 shares of the company’s stock worth $13,634,000 after acquiring an additional 7,228 shares during the period. Finally, Ticino Wealth purchased a new stake in SPDR S&P Dividend ETF in the 4th quarter worth about $602,000. 43.42% of the stock is owned by hedge funds and other institutional investors.

SPDR S&P Dividend ETF Company Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.